Tax - 2.6k (6%)Landlord Gas Water Heating - 1.3k (2.9%)Landlord Gas+Oil Heating - 2.8k (6.5%)Landlord Other Utilities - 5.5k (12.6%)Insurance - 1.1k (2.6%)NOI - 11.8kLending costs - 8.6kAs is, cash on cash would be 5.5%Is (eventually) getting 10% cash-on-cash realistic here?  

you have a lot of questionsI'd see a senior property manager - broker in MOAnd get licensedGood tax people here@Brandon Hall@Steven Hamilton II@Bill Walston@Bill Gulley is in MO

This is why we are almost exclusively a B/B+ turnkey operator, it is very difficult to find the kind of deals in A areas that leave enough margin for instant equity to compensate for the reduced cash flow (due to high loan payments, high property taxes, etc).

I haven't done it yet but I think you can go get them at a physical office.... but I wanted to see if anyone has some info on what some of the indicators mean that I'm seeing.For example, on two of them it comes up with a Tax Status of exempt.

I personally want to see $300/m above my mortgage, taxes and insurance for a 15 year note and $400/m above a 30 year note 

Do you show income on tax returns?  

@Bobby BarlowYou could purchase the property with solo 401k funds provided you have never owned it and later take it as in-kind distribution (pay federal and state taxes on the value of the property) if you want to have access to it.  

My current mortgage balance is a little over $66,000  and my mortgage payment is $663 a month(includes taxes,insurance).

The tax office told me that the property taxes were up to date as well, which didn't add up because I thought the property had been foreclosed on years ago. 

The expenses of running an apartment property include vacancy loss, maintenance, repairs, management, accounting, legal, evictions, depreciation, landscaping, make ready, utilities in common areas, extermination, insurance, property taxes, building code violation fines, permits, usage fees, security, management, leasing fees, etc.